HS Icon Iron Ore in  Flag Mongolia

2020
Exports | Imports
: $635M | $6.71k, World Rnk 16 / 115
Flag Rnk 4 / 613 | World Rnk 112 / 124
Flag Rnk 960 / 1069

2020
ECONOMIC COMPLEXITY of Mongolia
: -1.24, Rnk 113 / 127

2020
PRODUCT COMPLEXITY  IN Iron Ore
: -1.76, Rnk 986 / 1029

Exports In 2020, Mongolia exported $635M in Iron Ore, making it the 16th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 4th most exported product in Mongolia. The main destination of Iron Ore exports from Mongolia are: China ($635M).

The fastest growing export markets for Iron Ore of Mongolia between 2019 and 2020 were China ($62.6M).

Imports In 2020, Mongolia imported $6.71k in Iron Ore, becoming the 112th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 960th most imported product in Mongolia. Mongolia imports Iron Ore primarily from: China ($6.71k).

Tariffs In 2018, the average tariff for Mongolia in Iron Ore was 4.98%. The countries with the highest import tariffs for Iron Ore were Angola (Most Favoured Nation duty rate treatement, 5%), Burundi (Most Favoured Nation duty rate treatement, 5%), Benin (Most Favoured Nation duty rate treatement, 5%), Burkina Faso (Most Favoured Nation duty rate treatement, 5%), and Botswana (Most Favoured Nation duty rate treatement, 5%).

Subnational Monthly Trade

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The following visualization shows the latest trends on Iron Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $635M

IMPORTS (2020): $6.71k

NET TRADE (2020): $635M

In 2020, Mongolia exported $635M in Iron Ore. The main destinations of Mongolia exports on Iron Ore were China ($635M).

In 2020, Mongolia imported $6.71k in Iron Ore, mainly from China ($6.71k).

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THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Mongolia WERE (2019 - 2020):: China, $62.6M (10.9%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Mongolia WERE (2019 - 2020):: South Korea, -$118 (-100%)

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Market Concentration

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In 2020, Mongolia's main exporting competitors in Iron Ore were:

In 2020, Mongolia's main importing competitors in Iron Ore were:

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